If you are suffering from FOMO today with the big move in bitcoin, don't panic. The price action will re-trace back to 4647 level, where I expect a lot of pending orders are waiting to be filled. The next entry level to buy will be around the 4400 level (the 25% fib), so don't feel you have missed out. This will also be a retest of the prior range, which started in December last year. If you are looking for the reasoning for this move, please read my published idea on the 8th of January 2019. I'm looking for a target of around $10700 over the next few months.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.